Stock of the Day

January 29, 2020

Goodyear Tire & Rubber (GT)

$5.99
-$0.28 (-4.5%)
Market Cap: $1.81B

About Goodyear Tire & Rubber

Goodyear Tire & Rubber Co. engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America. The Europe, Middle East, and Africa segment focuses on the development, manufacture, distribution, and sale of tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving, mining, and industrial equipment throughout Europe, the Middle East, and Africa. The Asia Pacific segment refers to the development, manufacture, distribution, and sales of tires for automobiles, trucks, buses, aircraft, farm, earthmoving, mining, and industrial equipment throughout the Asia Pacific region. The company was founded by Frank A. Seiberling on August 29, 1898 and is headquartered in Akron, OH.

Today's Trend

The Goodyear Tire & Rubber Company (NASDAQ: GT) shares have decreased as investors weigh a substantial quarterly loss and weaker sales against signs of improving tire demand and the company’s cost-cutting program.

  • Goodyear reported second-quarter net sales of approximately $4.3 billion, ahead of Wall Street expectations of $4.19 billion. Its adjusted loss of $0.61 per share was also slightly better than the consensus estimate cited by some analysts. Goodyear Announces Second Quarter 2026 Results
  • Tire unit volume declined 4% year over year to 36.5 million units, a notable improvement from the 12% decline in the first quarter as inventory destocking moderated and market conditions stabilized.
  • Original-equipment volumes and market share increased across consumer and commercial businesses in every region. Management also highlighted $95 million of Goodyear Forward benefits and a manufacturing-footprint initiative expected to generate about $270 million in annual savings by 2028. Q2 2026 Earnings Call Transcript
  • Asia Pacific delivered strong results, while EMEA improved and offset some weakness in the Americas. Management’s earnings presentation and conference call emphasized improving stability but did not eliminate concerns about near-term demand and profitability. Q2 2026 Results Presentation
  • Revenue fell 4.8% year over year, primarily because of lower volumes, while organic sales declined 1.4%. The company’s tire volume and sales trends remain pressured despite sequential improvement. Goodyear Key Metrics Compared With Estimates
  • Goodyear posted a $204 million net loss, or $0.71 per share, compared with a $254 million profit, or $0.87 per share, in the prior-year quarter. Higher costs and lower tire volume weighed on results, keeping profitability and leverage concerns in focus. Goodyear Swings to Loss
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